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Incentives for Domestic Production

Presidential Decree 213/23, of 30 October 2023, enacted a new “Legal Regime to Incentivize Domestic Production”. Highlights of the new regime:

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Miranda Alliance

New Rules for Microfinance Institutions and Cooperative Credit Companies

Aiming to promote financial inclusion and diversification of credits available, the National Bank of Angola (BNA), as the Banking Supervisory Authority, has recently approved a new regulatory package applicable to Microfinance Institutions and Cooperative Credit Companies..

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PLMJ

New Legal Framework for Electronic Communication and Processing of Tax Proceedings and Tax Enforcement Actions

Presidential Decree 95/23 was published on 6 April and approves the new legal framework for electronic communication and processing of tax proceedings and tax enforcement actions. It also repeals Presidential Decree 232/19 of 22 July and Article 9(4) of Presidential Decre..

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Miranda Alliance

New rules on opening, operation and closure of bank accounts

Order No. 1/23, of 30 January, of the National Bank of Angola approved new rules for the opening, maintenance, operation and closure of bank accounts by natural and legal persons.

 

From the now applicable regime we highlight the f..

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AXIS

A Double Taxation Avoidance Agreement (DTAA) has been signed between the Republic of Mauritius and the Republic of Angola

In its strategy to remain the trampoline jurisdiction of choice for the African continent Mauritius’ government cabinet of August 19 took note of the public declaration..

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VdA

Angola: New Tax Benefits Code

As per Law No. 8/22, of April 14, 2022, the new Tax Benefits Code has been enacted. It seeks to bring together in a single act every tax benefit existing in Angola and their rules and cond..

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AVM Advogados

Combating Money Laundering, Financing of Terrorism and Proliferation of Weapons of Mass Destruction

The Ministry of Justice and Human Rights has issued Circular 02/GMJDH/2022, dated March 22, which includes guidelines addressed to registrars and notaries regarding the fulfillment of their obligations stemmin..

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IKM Advocates

How Landlord, Tenant Bill will reform tenancy

The Landlord and Tenant Bill 2021 (Bill) was introduced by the Majority Leader in the National Assembly, Hon. Amos Kimunya earlier in 2021 and has since been passed by the National Assembly and is currently being considered by the Senate.

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Morais Leitão Legal Circle

Angola: The Tax Benefits Code, 21 April

The Tax Benefits Code (TBC) published in the Angolan Official Gazette by Law no. 8/22, of April
14, is the result of a long legislative process resulting from the Draft Law published on 15 September 2020 (available here). The TBC emerges as a unique instrument for the ..

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